Russell Investments Group Ltd. Raises Holdings in Caesars Entertainment, Inc. (NASDAQ:CZR)

Russell Investments Group Ltd. boosted its stake in shares of Caesars Entertainment, Inc. (NASDAQ:CZR – Get Rating) by 38.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,039 shares of the company’s stock after acquiring an additional 7,268 shares during the quarter. Russell Investments Group Ltd.’s holdings in Caesars Entertainment were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CZR. Contrarius Investment Management Ltd purchased a new stake in Caesars Entertainment during the 4th quarter valued at about $71,520,000. Frontier Capital Management Co. LLC boosted its holdings in Caesars Entertainment by 49.3% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,460,971 shares of the company’s stock valued at $111,651,000 after acquiring an additional 1,143,332 shares during the period. Eagle Asset Management Inc. boosted its holdings in Caesars Entertainment by 121.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,977,721 shares of the company’s stock valued at $63,801,000 after acquiring an additional 1,083,789 shares during the period. HG Vora Capital Management LLC raised its position in Caesars Entertainment by 20.0% during the 3rd quarter. HG Vora Capital Management LLC now owns 6,000,000 shares of the company’s stock valued at $193,560,000 after purchasing an additional 1,000,000 shares during the last quarter. Finally, Point Break Capital Management LLC raised its position in Caesars Entertainment by 10.3% during the 1st quarter. Point Break Capital Management LLC now owns 10,617,833 shares of the company’s stock valued at $821,396,000 after purchasing an additional 987,230 shares during the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on CZR. Deutsche Bank Aktiengesellschaft lowered their price target on Caesars Entertainment from $70.00 to $68.00 in a research report on Wednesday, May 3rd. Morgan Stanley increased their target price on Caesars Entertainment from $52.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 1st. Susquehanna raised Caesars Entertainment from a “negative” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $39.00 in a research report on Thursday. StockNews.com lowered Caesars Entertainment from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on Caesars Entertainment from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.54.

Insider Buying and Selling at Caesars Entertainment

In other Caesars Entertainment news, Director Michael E. Pegram bought 25,000 shares of the business’s stock in a transaction on Friday, May 5th. The shares were acquired at an average cost of $45.02 per share, for a total transaction of $1,125,500.00. Following the purchase, the director now owns 121,697 shares in the company, valued at approximately $5,478,798.94. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Caesars Entertainment Stock Performance

Shares of CZR opened at $41.40 on Friday. The business’s fifty day simple moving average is $44.30 and its two-hundred day simple moving average is $47.37. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 7.03. Caesars Entertainment, Inc. has a 12 month low of $31.31 and a 12 month high of $56.75. The company has a market cap of $8.91 billion, a price-to-earnings ratio of -24.94 and a beta of 2.89.

Caesars Entertainment (NASDAQ:CZR – Get Rating) last issued its earnings results on Tuesday, February 21st. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.07. Caesars Entertainment had a positive return on equity of 2.24% and a negative net margin of 3.13%. The business had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.82 billion. Research analysts anticipate that Caesars Entertainment, Inc. will post 0.94 earnings per share for the current fiscal year.

Caesars Entertainment Company Profile

(Get Rating)

Caesars Holdings, Inc is a holding company, which engages in the provision of casino-entertainment and hospitality services. It operates through the following segments: Las Vegas, Other U.S., and All Other. The All Other segment includes managed and international properties as well as other business, such as Caesars Interactive Entertainment.